A pair of big calls from BlackRock's $1.7 trillion bond chief, why Byron Wien is fleeing to cash, and your guide to conquering earnings season
There are few individuals on Wall Street as hard-working and effective as Rick Rieder, the CIO of global fixed income and head of global allocation at BlackRock.
He wakes up at 3:30 a.m. every morning to oversee his $1.7 trillion empire, combing through mountains of data and corraling his massive team of money managers - all in the never-ending pursuit of a trading edge.
"Technology does not grow in a 45 degree angle, like a smooth graph," Rieder said. "It stays low and then it explodes higher."
To that end, Rieder revealed two places where he sees immense prospects ripe for the picking: gold and real estate. For in-depth explanations why, read more here.
Elsewhere in the market, legendary investor Byron Wien is make some big calls of his own. He said in a recent webcast that he's fleeing US equities and boosting his cash allocation to its highest in eight years. The reason? The culmination of multiple recession signals he sees flashing right now.
Going beyond this tandem of high-profile commentary, here's a rundown of our other main coverage from the last week. It features trades to help you crush earnings season, an interview with a top adviser for New York City's wealthiest millennials, and the top three stock picks from a market-dominating investor.
GOLDMAN SACHS: These 5 trades can help investors make a killing during a crucial earnings season
The options market is implying that big single-stock moves are ahead. That's according to Vishal Vivek of Goldman Sachs, who says the market is still underappreciating some of the fluctuations that could occur.
He's performed the extensive legwork of identifying five stocks that will be especially volatile - and has even gone to the great lengths of formulating a simple options trade for each.
The man responsible for the finances of NYC's richest millennials details the road to mastering and growing your wealth in 3 simple steps
Douglas Boneparth, the president of Bone Fide Wealth - which caters to rich millennial clients - shares timeless advice for anyone looking to pave a way toward financial freedom. He details a systematic, disciplined way to accumulate and grow your wealth.
A fund manager who's averaged a 16% annual return since the financial crisis shares his 'secret weapon' - and unpacks 3 stocks driving his success
Ronald Zibelli, a fund manager at Invesco, has outperformed most of his peers and delivered a huge annual return since 2009 by hunting for "premier growth" companies.
In an exclusive interview with Business Insider, he detailed three stocks driving his performance today and discussed how the dot-com bubble shaped his investing process.
Other good stories from the investing realm:
- Legendary investor Peter Borish describes how effective investing is like being a successful baseball manager - and shares his top trade for an economy racked with record debt
- Nobel laureate Robert Shiller wrote the textbook on the 2 worst bubbles in recent history. Now he tells us his best advice for avoiding the next big one.
- BANK OF AMERICA: One of the most trusted defenses against stock-market crashes is on the brink of its demise. Here's where to start finding alternatives.
- Wall Street's biggest firms pay Raoul Pal $40,000 a year for his research. He explains why the market is heading for a negative-rate situation that could crush banks and roil pension funds.
- Investors are paying record amounts for stable high-growth companies. Here are 12 sleeper stocks Goldman says can deliver growth at budget prices.
- The chief strategist at a $1.3 trillion brokerage breaks down how traders are using Roku as a pawn in the great streaming wars